Dlaboratory Sweden (DLAB) Q4 2024 earnings summary

Executive summary

• Achieved significant improvement in results for 2024, with two consecutive quarters of positive EBITDA and a strong Q4 finish.

• SaaS business drove profitability, supported by innovation and international expansion, including first order in Italy.

• No customer churn since inception, with six new customers added and multiple contract renewals.

Financial highlights

• Q4 2024 net sales: 13,497 KSEK (up from 12,075 KSEK in Q4 2023); full-year net sales: 46,785 KSEK (up from 44,866 KSEK).

• Q4 EBITDA: 826 KSEK (vs. -1,051 KSEK); full-year EBITDA: -3,407 KSEK (vs. -8,151 KSEK).

• Q4 net income: 286 KSEK (vs. -1,707 KSEK); full-year net income: -6,194 KSEK (vs. -11,051 KSEK).

• Q4 EPS: -0.02 SEK (vs. -0.10 SEK); full-year EPS: -0.37 SEK (vs. -0.65 SEK).

• Cash and cash equivalents at year-end: 5,741 KSEK (down from 10,530 KSEK).

Outlook and guidance

• Entering 2025 with optimism, a growing customer base, and a strong project pipeline.

• Focus remains on innovation, customer relationships, and continued market expansion, both in Sweden and internationally.